Spain’s tourism

Spain's tourism-related GDP to rise 3% between 2018-19, outperforming the country's economy

Spain’s Tourism-Related GDP To Rise Near 3% Between 2018-19, Outperforming The Country’s Economy

Spain has taken advantage of the global rise in tourism, becoming the second most visited country in the world after France. Close to 82 M tourists visited Spain in 2018, a level similar to 2017. CaixaBank expect the industry will be able to keep its number of international tourists at an all-time high in 2019. The evidence points to the sector posting GDP growth rates of around 2.6% in 2019, outperforming 2.1% of the economy as a whole, but below the growth recorded in the past few years.



August in Spain

Spain’s Tourism Sector Heading For Another Record Year

As the Easter week holiday kicks off, the positive outlook for Spain’s tourism and hotel sector augurs yet another record-beating season. During this week, the occupancy rate in some tourism areas in Andalucia will be almost 100%, while on the islands nearly 90% occupancy is predicted.